Latest / SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT / This Gold & Silver Ralley Is Going To be VERY Different…

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This Gold & Silver Ralley Is Going To be VERY Different… · SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT

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  Falling yields will drive gold prices to new nominal highs in
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  the second-half of 2024, averaging $2175 per oz In Q4.
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  That will be a new record for the gold price.
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  You will not be left behind. You will be part of this because
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  two of the world's largest, most prestigious investment banks are
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  calling for new all time highs in the gold price.
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  Now, what do you think that means for the silver price and
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  how can you be involved? I'll share that with you in this
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  video. Also, we'll dissect what these
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  two big banks are predicting. It's fascinating.
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  Let's get started right now. Let's talk about the most
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  important thing right now, and that's you.
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  It's a big deal that you've decided to join me here in the
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  basement. It's a big honor.
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  Please leave a comment in the comment section below.
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  Subscribing is free, and if you give this video a thumbs up,
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  that helps get the word out to more and more people because we
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  do need your help. You are part of the silver and
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  gold movement that is taking hold throughout the world.
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  Now JP Morgan, let's talk about them.
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  Yes, that JP Morgan. When they talk about silver and
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  gold in a positive light, we want to pay attention because
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  they've had a habit of manipulating the price of silver
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  and gold for decades. Listen to this, they said.
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  Across all metals, we have the highest conviction on a bullish
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  medium term forecast for both gold and silver over the course
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  of 2024 and into the first half of 2025, though timing and entry
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  will continue to be critical. That was according to Gregory
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  Shearer. He's the head of Base and
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  precious Metal strategy at JP Morgan.
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  profits in more favorable metals markets.
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  Investing in Fortuna is an investment in quality, long
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  term, sustainable production of in demand precious and base
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  metals. If you've been around precious
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  metals for any time, you know there's always another side to
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  the story. And with JP Morgan Chase we know
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  there's really always another side to the story because Mr.
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  Shearer then went on to say this, he said.
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  At the moment, gold still appears to be quite rich
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  relative to underlying rates and foreign exchange rates and still
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  looks vulnerable to another modest retreat in the near term
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  as Fed rate cut expectations are now running earlier than our
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  forecast. But Mr. Scheer added that any
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  price pull backs pay attention to this in the coming months
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  should be treated as buying opportunities ahead of a
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  breakout rally which they expect.
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  That's JP Morgan to begin mid 2024 as USGDP growth slows down.
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  So he's basically trying to tell us that rates are going to come
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  down, the dollar will go down in value and the price of gold and
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  silver will go up. But you're asking how high will
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  it go? Well, he goes on to say this
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  falling yields will drive gold prices to new nominal highs in
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  the second-half of 2024, averaging $2175 per oz In Q4.
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  That will be a new record for the gold price, and they expect
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  a quarterly average peak of $2300 per oz by Q3 of 2025.
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  What do you think? I think once we get above 2100,
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  it's going to be smooth sailing up to 2500 or 2600.
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  I've heard other top analysts say that same thing.
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  There's nobody waiting up there to sell their gold at those
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  levels. And if you factor in the
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  possibility for more extreme geopolitical turmoil, which is a
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  major driver for the gold price and the silver price, the sky
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  could be the limit. But let's move over to the other
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  big bank, the fancy Swiss bank UBS.
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  You know, the Swiss bankers during the 70s and 80s, we heard
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  all about Swiss bank accounts. They know all the secrets.
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  Well, what secrets does UBS know about a coming price surge in
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  You really do get more metal for your money.
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  And now let's talk about UBS again.
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  This is a big fancy 150 year old Swiss banker.
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  What are they saying about the precious metals prices?
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  They point out gold prices have slipped from a year end rally
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  that we had in 2023-2024. The beginning of the year has
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  been hard for us precious metals investors.
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  It's been a bit of a let down, a bit of a challenge.
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  However, the power of the Fed's policy pivot should not be
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  underestimated. And we talk about this all the
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  time, guys. Take a step back and remember
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  that in December our friend Jeremy Powell pivoted.
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  He started talking about rate cuts.
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  That's the big macro environment in which the US dollar operates
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  in which interest rates operate right monetary policy.
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  And it's been a major sea change.
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  The tide has turned however you choose to see it.
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  We're in a new paradigm, a new environment for the silver and
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  gold price. And that's exactly what the guys
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  and gals at UBS are telling us. They say gold prices should
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  close the year this 2024 as much as 10% above the current levels
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  on the back of potential interest rate cuts, UBS
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  strategist said despite declines to start the year, a UBS note on
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  Friday described recent price moves as minor.
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  OK, we can't get. I know it's been a tough start
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  to the year, but we can't get too down about what's going on
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  in the context of the precious metals 15% climb through 2023
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  and said the power of the Federal Reserve's policy pivot
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  should not be underestimated. I think we repeated that bullion
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  remains above the psychological level of $2000 per oz, the UBS
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  strategist said, forecasting a rise to $2250 per oz by the end
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  of the year, despite the potential for some near term
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  volatility. So that's the situation guys
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  both JP Morgan and UBS are calling for.
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  Let's recognize this new all time highs in the gold price.
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  JP Morgan specifically talks about silver being very
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  attractive as well. We know once we get the new all
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  time highs in the gold price that silver will follow.
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  Silver always follows gold and it will in the circumstance as
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  well, and the world is not becoming a more friendly place.
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  Both of these reports were more focused on pure economic and
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  monetary policy, not really giving any weight to the fact
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  that geopolitics and and and strife and war throughout the
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  world are one of the biggest supporters for the precious
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  metals prices. The missing piece of the puzzle
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  is you. Yes, we need investors to come
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  back into the precious metals sector.
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  Investment demand with silver in particular, has been waning for
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  about the last year. But when investors do come back,
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  and I know you've likely already been doing your part, but when
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  your neighbors, your family members come back into the
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  precious metal sector, it will be the tipping point for the
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  price. It'll create an avalanche of new
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  demand and price increases that likely will leave our heads
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  spinning. I think the future looks bright.
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  What you think is most important, and we want to hear
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  from you. So again, please leave us a
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  comment in the comment section below.
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  It's a big honor that you join us here in the basement.
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  Don't forget the thumbs up. Don't forget to please subscribe
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  to the channel. I'll put up a link to another
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  video and I'll look forward to seeing you soon.